Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (410787)	2/15/2011 10:12:03 AM
From: DMaA	2 Recommendations Read Replies (1) \| Respond to of 793575

Please stop responding to him. He can't reply. Been banned.

To: Katelew who wrote (410787)	2/15/2011 10:29:07 AM
From: Bill	4 Recommendations Read Replies (2) \| Respond to of 793575

a self-employed business owner is relatively free to choose how much income to actually report. Everybody, large and small, rich and poor, chooses how much income to actually report. I'm sensing what you're really trying to say is that small businesses might be able to get away with cheating on their taxes easier. But such illegal activity has nothing to do with effective "rates" in the tax code, which was your original point I believe.

To: Katelew who wrote (410787)	2/15/2011 10:50:29 AM
From: gamesmistress	Read Replies (1) \| Respond to of 793575

My mother was a hairdresser and my father owned a pizza shop. I know they both "underreported" but they were not blatant about it. And that was 30-40 years ago, when people used cash and not debit cards, and the IRS didn't use the sophisticated methods of analysing your income and expenses the way they do now. There was a local case recently of a pizza shop owner who blatantly underreported cash income - put it in different accounts and moved it around, but it was very easy to trace. Really dumb.